Net Holding A.S. Balance Sheet

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	4,167	3,291	2,748	2,951	1,827	1,210
Short-Term Investments	-	-	-	0.24	-	0.26
Trading Asset Securities	-	-	-	1	1.51	-
Cash & Short-Term Investments	4,167	3,291	2,748	2,953	1,829	1,210
Cash Growth	78.09%	19.78%	-6.94%	61.47%	51.12%	194.15%
Accounts Receivable	709.61	1,397	1,016	175.31	336.43	214.95
Other Receivables	605.07	544.86	541.73	214.97	10.08	4.4
Receivables	1,315	1,942	1,557	390.28	346.5	219.35
Inventory	801.84	930.85	642.89	448.36	252.66	59.89
Prepaid Expenses	741.67	193.73	256.6	-	286.46	43.63
Other Current Assets	756.48	1,914	1,900	858.62	156.3	56.06
Total Current Assets	7,782	8,272	7,104	4,650	2,870	1,589
Property, Plant & Equipment	101,613	92,927	75,838	52,117	29,015	11,070
Long-Term Investments	33.15	30.13	30.13	23.02	15.94	189.37
Other Intangible Assets	1,049	975.47	876.66	578.02	319.85	61.37
Long-Term Deferred Tax Assets	106.88	92.7	105.06	881.4	1,820	329.78
Other Long-Term Assets	18,092	16,498	26,722	21,407	12,850	4,513
Total Assets	128,676	118,795	110,676	79,656	46,891	17,753
Accounts Payable	2,846	3,732	3,324	1,773	1,134	468.99
Accrued Expenses	1,097	1,044	1,092	495.62	225.64	54.47
Short-Term Debt	35.65	303.76	630.2	653.92	376.88	177.93
Current Portion of Long-Term Debt	3,357	3,184	3,439	2,547	1,921	951.08
Current Portion of Leases	-	253.5	110.18	128.69	234.79	128.71
Current Income Taxes Payable	-	925.4	541.61	16.9	16.92	7.05
Current Unearned Revenue	81.23	168.17	1,059	2,684	1,741	60.23
Other Current Liabilities	670.68	102.1	826.88	488.78	7.52	4.67
Total Current Liabilities	8,088	9,714	11,022	8,788	5,658	1,853
Long-Term Debt	7,321	4,213	3,929	2,874	2,843	1,979
Long-Term Leases	-	2,088	1,416	1,786	172.27	179.71
Long-Term Unearned Revenue	0.27	-	0.14	2.19	4.14	0
Pension & Post-Retirement Benefits	93.11	68.98	66.81	39.19	25.57	8.83
Long-Term Deferred Tax Liabilities	23,809	21,331	20,981	14,739	8,271	3,082
Other Long-Term Liabilities	617.13	589.59	423.2	2.93	36	12.84
Total Liabilities	39,929	38,005	37,838	28,232	17,010	7,116
Common Stock	500	500	500	563.88	563.88	563.88
Retained Earnings	29,584	26,592	25,256	16,009	8,862	2,123
Treasury Stock	-1,206	-1,043	-540.84	-1,523	-939.7	-234.05
Comprehensive Income & Other	55,087	50,322	43,565	33,222	19,731	7,451
Total Common Equity	83,965	76,371	68,780	48,272	28,218	9,904
Minority Interest	4,782	4,419	4,058	3,152	1,663	732.39
Shareholders' Equity	88,747	80,790	72,838	51,424	29,881	10,637
Total Liabilities & Equity	128,676	118,795	110,676	79,656	46,891	17,753
Total Debt	10,714	10,043	9,523	7,990	5,547	3,416
Net Cash (Debt)	-6,547	-6,752	-6,776	-5,037	-3,719	-2,206
Net Cash Per Share	-	-13.50	-12.20	-8.93	-7.83	-4.67
Filing Date Shares Outstanding	-	457.02	467.75	468.28	474.81	472.06
Total Common Shares Outstanding	-	457.02	467.75	468.28	474.81	472.06
Working Capital	-306.25	-1,442	-3,917	-4,138	-2,788	-264.2
Book Value Per Share	-	167.11	147.05	103.08	59.43	20.98
Tangible Book Value	82,916	75,396	67,904	47,694	27,898	9,843
Tangible Book Value Per Share	-	164.97	145.17	101.85	58.76	20.85
Land	-	7,169	1,377	3,387	980.57	421.87
Buildings	-	87,104	75,027	44,648	24,607	8,955
Machinery	-	13,377	11,499	7,837	10,058	691.65
Construction In Progress	-	1,897	1,217	1,926	40.68	1,435
Leasehold Improvements	-	1,025	786.15	-	984.1	118.86